Staff / TruthdigJun 11, 2016
The online media site owes Hulk Hogan $140 million after it lost a privacy lawsuit earlier this year, but it’s hoping to be bought by publishing company Ziff Davis, which could lower its payment. Dig deeper ( 2 Min. Read )
Chris Hedges / TruthdigMay 30, 2016
Part of the daily reality of poverty in America, evictions—along with mass incarceration—are the mechanisms used to destroy communities and profit from the misery of the poor. Dig deeper ( 12 Min. Read )
Staff / TruthdigJan 31, 2016
An old clip of the Massachusetts senator shows she's known the truth about Hillary Clinton's relationship with Wall Street for quite some time. Dig deeper ( 1 Min. Read )
Robert Reich / TruthdigOct 4, 2015
Bankruptcy was designed so people could start over. But these days, the only ones starting over are big corporations, wealthy moguls and Wall Street bankers, who have had enough political clout to shape bankruptcy laws (like many other laws) to their needs. Dig deeper ( 6 Min. Read )
David Sirota / TruthdigSep 4, 2015
A Joe Biden campaign risks confronting the scorn of one of the party's most influential progressives, Sen. Elizabeth Warren. Though Biden has reportedly sought her favor, Warren has historically refrained, accusing him of acting as a tool of the credit card industry by limiting debt relief for people grappling with financial trouble. Dig deeper ( 3 Min. Read )
Robert Reich / TruthdigSep 6, 2014
Detroit is a model for how wealthier and whiter Americans escape the costs of public goods they’d otherwise share with poorer and darker Americans. Dig deeper ( 3 Min. Read )
By Ellen Brown, Web of DebtAug 15, 2014
Argentina has now taken the U.S. to The Hague for blocking the country’s 2005 settlement with the bulk of its creditors. The issue underscores the need for an international mechanism for nations to go bankrupt. Better yet would be a sustainable global monetary scheme that avoids the need for sovereign bankruptcy. Dig deeper ( 6 Min. Read )
BLANKDec 4, 2013
In a perverse case of making the victim pay for the crime, a federal bankruptcy judge says the city of Detroit can renege on pension promises. Experts say the decision could be a template for other governments seeking to get out from under obligations. Dig deeper ( 3 Min. Read )
Alexander Reed Kelly / TruthdigOct 5, 2013
New York City Opera, known for 70 years as the "people's opera" for its affordable tickets, revealed as much as $10 million in assets and debt in a bankruptcy petition it filed Thursday after years of declining income and a failed fundraiser. Dig deeper ( 2 Min. Read )
BLANKSep 16, 2013
A new report by the Detroit Free Press traces more than 60 years of city government decisions that culminated in the city's bankruptcy filing in July. It could have been avoided, and the causes aren't quite what most people think. Dig deeper ( 3 Min. Read )
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